U.S Dollar gains strength

Friday, 13 May 2011 10:50

The U.S Dollar is continuously gaining strength against the euro, as the 17 nation currency is hit by news such as Greece’s speculating 60B bailout plan, and Portugal’s preparation to receive a bailout package. After half a year on the high end, the euro is seen to be falling.

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US unemployment rate fell 44,000

Thursday, 12 May 2011 04:09

The U.S is swimming in news as releases on Retail Sales, Producer Price Index and Jobless claims come out.

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U.K manufacturing production at 0.2%

Thursday, 12 May 2011 02:44

U.K Factory Production m/m release for March was weaker than expected as the manufacturing production figures rose by a small 0.2% from 0.0%, rather than rising to 0.3% as forcasted. GBP/USD fell earier in the day to the 1.6280 line, and even further down dater the news to trade at lower than 1.6280; to 1.6260.

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Finns agree to back Portuguese bailout plan

Thursday, 12 May 2011 12:05

S&P might possibly downgrade Portugal from BBB- if the country’s banks will not be able to follow capital rules or require a bigger bailout plan. Standard and Poor released this in yesterday’s reports.

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Aussie and Yen fall after news releases

Thursday, 12 May 2011 11:23

After the news report the Japanese currency weakened contrasting the U.S Dollar and traded at USD/JPY 81.15 from 81.02. The pair is currently trading at 81.06, strengthening the yen slighty from the 13 pip fall.
The Australian Dollar also fell against the U.S Dollar after Australian news about jobless claims and employment change were released with a negative attitude; as opposed to what was expected. While jobless rates remained the same at 4.9%; employment change fell by a staggering 22.1K from an expected 17.6K.

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